Global Foundry Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Die Casting Machine, Centrifugal Casting Machine, Induction Furnace, and Moulding Machine.By Application;
Metal Casting and Metal Heat Treatment.By End User;
Automotive, Aerospace, Machinery, Shipbuilding, Power Generation & Electricity, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Foundry Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global Foundry Equipment Market was valued at USD 6,004.05 million. The size of this market is expected to increase to USD 8,007.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.
The global foundry equipment market plays a pivotal role in the manufacturing and industrial sectors, providing essential machinery and tools for the production of metal castings. Foundries utilize these equipment to mold, shape, and finish metal components used in a wide range of industries, including automotive, aerospace, construction, and machinery manufacturing. The market encompasses a variety of equipment types, such as melting furnaces, molding machines, core making machines, shot blasting machines, and finishing tools, each contributing to different stages of the casting process.
One of the driving forces behind the growth of the foundry equipment market is the increasing demand for metal castings, particularly in emerging economies where industrialization and urbanization are on the rise. The automotive industry, in particular, is a significant consumer of cast metal components, requiring high-quality and precision-engineered parts for engines, transmissions, and other critical systems. Additionally, advancements in technology, such as automation and digitalization, are transforming traditional foundry operations, enhancing efficiency, precision, and sustainability.
Environmental regulations and the push for energy-efficient production processes are also influencing the market. Foundries are increasingly investing in advanced equipment that reduces emissions, conserves energy, and minimizes waste, aligning with global sustainability goals. As industries continue to seek cost-effective and environmentally friendly manufacturing solutions, the demand for innovative and efficient foundry equipment is expected to rise, further propelling market growth.
Global Foundry Equipment Market Recent Developments
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In 2023, Hindustan Aeronautics Limited (HAL), Saarloha Advanced Materials Pvt Ltd (Saarloha) & Bharat Forge Limited (BFL), signed MOU for collaboration in development and production of aerospace grade steel alloys.
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In 2022, Primetals Technologies and Tata Steel partnered on green steel transition. Primetals Technologies and the India,based steel producer Tata Steel signed a Memorandum of Understanding (MOU) to intensify their collaboration on projects and technology related to green steel and decarbonization.
Segment Analysis
The Global Foundry Equipment Market has been segmented by Product, Application, End User and Geography, product into molding machines, core shooters, melting furnaces, degassing equipment, sand reclamation systems, and other foundry equipment. Molding machines are crucial for creating metal castings and are widely used in industries such as automotive, aerospace, and construction. The demand for core shooters, which form the cores in metal castings, is also growing, especially in precision casting applications. Melting furnaces are a significant segment in the foundry equipment market as they are used to melt metals for casting, and innovations in energy efficiency and automation are driving growth in this area. Degassing equipment is used to remove impurities from molten metal, ensuring higher-quality castings, and is gaining demand as industries push for higher standards in metal casting. Sand reclamation systems are used for recycling foundry sand, a critical component in the molding process, and are becoming increasingly important as sustainability initiatives drive the need for recycling and waste reduction.
By application, the Global Foundry Equipment Market is divided into casting, metal treatment, and others. Casting is the largest application segment, where foundry equipment plays a pivotal role in producing components for industries such as automotive, aerospace, industrial machinery, and construction. In the automotive sector, foundry equipment is essential for producing engine parts, chassis, and transmission components. Metal treatment applications include processes such as heat treatment, surface modification, and degassing, which improve the properties of metal castings for various applications. As the demand for precision and high-strength castings increases, metal treatment processes are becoming more advanced, driving the growth of associated foundry equipment. The others segment includes applications in industries such as electronics, defense, and marine, where casting and treatment processes are used for specialized components and machinery.
Geographically, the Global Foundry Equipment Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific holds the largest share of the market, with countries like China, India, and Japan being major manufacturing hubs. The demand for foundry equipment in the region is driven by the rapid industrialization and strong automotive and aerospace industries, particularly in China and India. North America and Europe are also significant markets, with established foundry industries in countries such as the United States, Germany, and Italy, where the need for high-quality, precision casting and metal treatment is prevalent. In North America, automotive and industrial machinery sectors are key drivers of demand, while Europe focuses on high-precision casting and innovative foundry technologies. The Latin America and Middle East & Africa regions are smaller markets but are witnessing growth due to increasing industrialization, particularly in sectors like construction, mining, and energy, which rely on foundry equipment for various applications.
Global Foundry Equipment Segment Analysis
In this report, the Global Foundry Equipment Market has been segmented by Product, Application, End User and Geography.
Global Foundry Equipment Market, Segmentation by Product
The Global Foundry Equipment Market has been segmented by Product into Die Casting Machine, Centrifugal Casting Machine, Induction Furnace and Moulding Machine.
These are widely used in the foundry industry due to their ability to produce complex shapes with high dimensional accuracy. Die casting involves forcing molten metal under high pressure into a mold cavity, making it ideal for mass production of parts with tight tolerances. This type of equipment is crucial in industries like automotive, aerospace, and consumer electronics, where high-quality metal components are essential.
These machines are employed in the production of cylindrical parts, such as pipes, bearings, and rings. The process involves pouring molten metal into a rotating mold, which causes the metal to spread and adhere to the mold's walls, forming a uniform and dense structure. This method is particularly beneficial for manufacturing parts that require high mechanical strength and corrosion resistance.
These are a key component in foundries, used for melting various metals before they are cast. Induction furnaces offer efficient and controlled melting, which is critical for producing high-quality castings. They are valued for their energy efficiency and ability to handle a wide range of metals, including ferrous and non-ferrous alloys. This flexibility makes induction furnaces a popular choice in industries such as metalworking, recycling, and specialty alloys.
These machines play a vital role in the preparation of molds, which are essential for the casting process. Moulding machines can be categorized into different types, such as sand casting, shell molding, and investment casting, each suited for specific applications. They are responsible for creating the cavities in which molten metal is poured to form the final product. The choice of molding technique and equipment depends on factors such as the desired surface finish, complexity of the part, and production volume.
The demand for foundry equipment is influenced by various factors, including advancements in manufacturing technologies, increasing demand for lightweight and high-strength materials, and the growth of end-use industries. As industries continue to innovate and seek more efficient production methods, the foundry equipment market is expected to grow, offering more specialized and advanced machinery.
Global Foundry Equipment Market, Segmentation by Application
The Global Foundry Equipment Market has been segmented by Application into Metal Casting and Metal Heat Treatment.
The metal casting segment is a dominant application in the foundry equipment market. Metal casting involves pouring molten metal into a mold to form a specific shape once it cools and solidifies. This process is fundamental in producing components and parts for various industries, including automotive, aerospace, construction, and machinery. The demand for metal casting equipment is driven by the need for high-quality, durable, and complex metal parts, which are often required in large quantities. Innovations in casting technologies, such as automation and computer-aided design (CAD) systems, have further enhanced the precision, efficiency, and scalability of casting processes, making them indispensable in modern manufacturing.
The metal heat treatment segment involves the use of specialized equipment to alter the physical and sometimes chemical properties of metals. This process includes techniques such as annealing, quenching, and tempering, which improve the strength, hardness, ductility, and resistance of metals to wear and corrosion. Heat treatment is critical in industries where the mechanical properties of metals are essential, such as in automotive and aerospace sectors, where components must withstand extreme conditions. The growing emphasis on lightweight materials, advanced metallurgy, and the need for energy-efficient processes have spurred the demand for advanced heat treatment equipment, which can deliver precise temperature control and uniformity.
Overall, the global foundry equipment market's growth is closely tied to industrial output, technological advancements, and the demand for specialized metal components. The continued development and adoption of innovative equipment in both casting and heat treatment segments are expected to drive the market forward, catering to the evolving needs of various end-use industries.
Global Foundry Equipment Market, Segmentation by End User
The Global Foundry Equipment Market has been segmented by End User into Automotive, Aerospace, Machinery, Shipbuilding, Power Generation & Electricity, and Others.
The global foundry equipment market is segmented by end user into industries such as automotive, aerospace, machinery, shipbuilding, power generation & electricity, and others. The automotive sector holds a significant share in the foundry equipment market, as it relies heavily on foundry processes for manufacturing a wide range of metal components such as engine blocks, transmission parts, and chassis. Foundries use various equipment like melting furnaces, molding machines, and casting systems to produce high-quality, durable parts that meet the stringent standards required in the automotive industry. The demand for lightweight, high-performance materials and components in modern vehicles continues to drive growth in this segment, particularly as the automotive industry adopts more advanced manufacturing techniques.
In the aerospace industry, foundry equipment is essential for producing components that need to withstand extreme conditions, including engine parts, landing gear, and structural elements. The aerospace sector requires precision casting, and the foundries involved must adhere to strict quality standards to ensure that the parts meet the high-performance requirements of the industry. Foundry equipment used in aerospace applications includes advanced molding systems, vacuum casting technologies, and high-precision machines to handle materials like titanium, aluminum, and high-strength steel. As the aerospace industry continues to innovate with new materials and technologies, the demand for specialized foundry equipment is expected to rise, particularly in the production of components for commercial and military aircraft.
The power generation and electricity sectors also contribute significantly to the foundry equipment market, as these industries require large, robust components such as turbine blades, valve bodies, and heat exchangers. Foundries utilize equipment that can handle the production of these heavy-duty parts, which must withstand high temperatures and pressure. Other industries, including machinery and shipbuilding, also utilize foundry equipment to produce parts used in heavy machinery, engines, and ships. In the machinery sector, foundries provide components for manufacturing plants, mining equipment, and industrial machinery, while in shipbuilding, castings are used for engine components, propellers, and other essential parts. As global infrastructure development and industrialization continue, the demand for foundry equipment in these sectors is expected to increase.
Global Foundry Equipment Market, Segmentation by Geography
In this report, the Global Foundry Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Foundry Equipment Market Share (%), by Geographical Region, 2024
The global foundry equipment market has been witnessing significant growth, driven by the increasing demand for castings in various industries such as automotive, aerospace, machinery, and construction. This market is segmented geographically into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America, with each region experiencing unique trends and growth factors.
North America has been a substantial market for foundry equipment due to the well-established automotive and aerospace industries. The region's emphasis on technological advancements and automation in manufacturing processes has led to the adoption of modern foundry equipment. Additionally, environmental regulations in the U.S. and Canada are pushing for more efficient and cleaner production technologies, further boosting the market.
Europe also represents a significant share of the foundry equipment market, with countries like Germany, France, and Italy being major contributors. The region is known for its advanced manufacturing capabilities and strict environmental standards, which drive the demand for high-efficiency foundry equipment. The automotive sector, in particular, continues to be a key driver, with a focus on lightweight materials and energy-efficient processes.
Asia Pacific is expected to witness the fastest growth in the foundry equipment market, attributed to the rapid industrialization and urbanization in countries like China and India. The region's growing automotive and construction sectors are major consumers of cast products, leading to increased investments in foundry facilities. Furthermore, the availability of relatively low-cost labor and raw materials makes the region an attractive hub for foundry operations.
The Middle East and Africa are experiencing a steady rise in the foundry equipment market, supported by infrastructure development and the expansion of the construction and oil & gas industries. Countries like Saudi Arabia and the UAE are investing in manufacturing capabilities, which include foundry equipment, to diversify their economies. Latin America shows moderate growth potential in the foundry equipment market, with Brazil and Mexico being key players. The region's automotive and aerospace sectors are growing, contributing to the demand for foundry products. However, economic volatility and political instability in some countries may pose challenges to market growth.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Foundry Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Industrial Automation
- Energy Efficiency
- Automotive Sector Growth
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Environmental Regulations -The global foundry equipment market is significantly influenced by environmental regulations, which aim to mitigate the adverse impacts of foundry operations on the environment. Foundries, which produce metal castings through processes such as melting, molding, and cooling, can generate pollutants such as particulate matter, volatile organic compounds (VOCs), and greenhouse gases. To address these environmental concerns, many countries have implemented stringent regulations governing emissions, waste management, and energy consumption within the foundry industry.
For instance, regulations often mandate the use of advanced filtration systems to capture particulate emissions and VOCs, thereby reducing air pollution. Additionally, foundries are required to adopt practices that minimize water usage and ensure proper treatment of wastewater to prevent contamination of water bodies. Energy efficiency is another critical area of focus, with regulations pushing for the adoption of energy-saving technologies and practices to reduce the carbon footprint of foundry operations.
Compliance with these environmental regulations not only helps in mitigating environmental impacts but also drives innovation within the foundry equipment market. Manufacturers of foundry equipment are increasingly developing technologies that align with these regulatory standards, such as low-emission furnaces, energy-efficient melting systems, and advanced waste recycling solutions. As a result, the global foundry equipment market is experiencing a shift towards more sustainable and environmentally friendly technologies, reflecting the broader trend of integrating environmental considerations into industrial practices.
Restraints
- High Initial Costs
- Maintenance Costs
- Skilled Labor Shortage
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Raw Material Prices -The global foundry equipment market is a dynamic sector influenced by various factors, including raw material prices. Foundry equipment, essential for the manufacturing of metal castings, includes a range of machinery such as molding machines, core shooters, and melting furnaces. The prices of raw materials, such as steel, aluminum, and other metals, directly impact the cost structure and profitability of foundry equipment manufacturers.
Raw material prices in the foundry sector can fluctuate due to supply chain disruptions, geopolitical events, and changes in demand from key industries such as automotive and aerospace. For instance, an increase in the price of steel can lead to higher production costs for foundry equipment, potentially affecting the overall market dynamics. Conversely, a decrease in raw material prices might reduce costs for manufacturers, potentially leading to more competitive pricing and increased market demand.
Additionally, the cost of raw materials can influence the adoption of advanced technologies in foundry equipment. For example, rising raw material costs might drive manufacturers to invest in more efficient or alternative materials to optimize production processes and reduce costs. This, in turn, can lead to innovations in foundry equipment and shape market trends.
Overall, raw material prices play a crucial role in shaping the global foundry equipment market, impacting both production costs and technological advancements within the industry.
Opportunities
- Green Foundry Technologies
- Emerging Markets
- Customized Solutions
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Collaborations and Partnerships -The global foundry equipment market has seen a variety of strategic collaborations and partnerships aimed at enhancing technological capabilities and market reach. Major players in this sector have been forming alliances to leverage each other’s strengths in innovation, manufacturing, and market presence. For instance, foundry equipment manufacturers are partnering with technology companies to integrate advanced automation and AI-driven solutions into their equipment. These collaborations often focus on developing smart foundry systems that enhance operational efficiency, reduce waste, and improve product quality.
Partnerships between foundry equipment suppliers and end-users, such as automotive and aerospace manufacturers, have become increasingly common. These collaborations enable suppliers to tailor their equipment to meet the specific needs of these industries, such as precision casting and high-volume production capabilities. By working closely with end-users, foundry equipment manufacturers can also gain valuable insights into emerging industry trends and requirements, allowing them to innovate and adapt their offerings more effectively.
Strategic alliances between global and regional foundry equipment companies are helping to expand market reach and enhance service capabilities. For example, a global company might partner with a regional player to gain better access to local markets and provide more localized support and service. These partnerships can also facilitate the sharing of best practices and technology transfer, contributing to the overall growth and development of the foundry equipment sector.
Overall, these collaborations and partnerships are driving advancements in foundry equipment technology, improving operational efficiency, and enabling companies to better meet the evolving needs of their customers across various industries.
Competitive Landscape Analysis
Key players in Global Foundry Equipment Market include.
- Baoding Well Foundry Machinery Co. Ltd
- Bhler AG
- Hitachi Ltd
- KNKEL WAGNER Germany GmbH
- Loramendi S.Coop
- MESH Automation Inc
- Nabertherm GmbH
- Norican Group
- SINTOKOGIO Ltd
- Toshiba Machine Co Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Application
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Market Snapshot, By End User
- Market Snapshot, By Region
- Global Foundry Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Industrial Automation
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Energy Efficiency
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Automotive Sector Growth
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Environmental Regulations
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- Restraints
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High Initial Costs
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Maintenance Costs
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Skilled Labor Shortage
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Raw Material Prices
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- Opportunities
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Green Foundry Technologies
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Emerging Markets
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Customized Solutions
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Collaborations and Partnerships
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Foundry Equipment Market, By Product, 2021 - 2031 (USD Million)
- Die Casting Machine
- Centrifugal Casting Machine
- Induction Furnace
- Moulding Machine
- Global Foundry Equipment Market, By Application, 2021 - 2031 (USD Million)
- Metal Casting
- Metal Heat Treatment
- Global Foundry Equipment Market, By End User, 2021 - 2031 (USD Million)
- Automotive
- Aerospace
- Machinery
- Shipbuilding
- Power Generation & Electricity
- Others
- Global Foundry Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Foundry Equipment Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Baoding Well Foundry Machinery Co Ltd
- Bhler AG
- Hitachi Ltd
- KNKEL WAGNER Germany GmbH
- Loramendi S.Coop
- MESH Automation Inc
- Nabertherm GmbH
- Norican Group
- SINTOKOGIO Ltd
- Toshiba Machine Co Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market